Form 4: DTE Energy COO Richard A. Richard Sells Shares and Acquires Phantom Stock

DTE Energy's President and COO of DTE Gas, Richard A. Richard, sold 4,800 shares of common stock and acquired phantom stock units.

Summary

• On February 27, 2024, Richard A. Richard, President & COO DTE Gas, sold 4,800 shares of DTE Energy Co. common stock at a weighted average price of $107.252 per share.
• The sale prices ranged from $107.25 to $107.27.
• Following the transaction, Richard directly owns 26,118 shares of DTE Energy common stock.
• Richard also indirectly owns 1,253.75 shares through the DTE Energy Company Savings and Stock Ownership Plan.
• Additionally, Richard acquired 329.54 phantom stock units under DTE Energy Company's excess benefit plan, with each unit equivalent to one share of DTE Energy Company common stock.
• These phantom stock units will be settled upon Richard's retirement or termination of service and can be transferred to an alternative investment account prior to settlement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of these phantom stock units into an alternative investment account at any time prior to settlement.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which can be of interest to investors.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market reaction.
• The phantom stock acquisition is part of the executive compensation plan and may impact employee morale.

Key Dates